15,178 Shares in Energy Transfer LP (NYSE:ET) Bought by Strategic Blueprint LLC

Strategic Blueprint LLC purchased a new position in shares of Energy Transfer LP (NYSE:ET) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 15,178 shares of the pipeline company’s stock, valued at approximately $209,000.

Other large investors have also recently bought and sold shares of the company. Mutual Advisors LLC boosted its stake in Energy Transfer by 112.9% during the 4th quarter. Mutual Advisors LLC now owns 146,943 shares of the pipeline company’s stock worth $2,028,000 after purchasing an additional 77,938 shares during the period. Envestnet Asset Management Inc. boosted its stake in Energy Transfer by 230.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 736,634 shares of the pipeline company’s stock worth $10,335,000 after purchasing an additional 513,989 shares during the period. Arkadios Wealth Advisors boosted its stake in Energy Transfer by 3.3% during the 4th quarter. Arkadios Wealth Advisors now owns 28,250 shares of the pipeline company’s stock worth $390,000 after purchasing an additional 903 shares during the period. Fractal Investments LLC raised its position in Energy Transfer by 12.9% during the 3rd quarter. Fractal Investments LLC now owns 5,682,061 shares of the pipeline company’s stock worth $79,719,000 after buying an additional 647,885 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. raised its position in Energy Transfer by 22.5% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 421,372 shares of the pipeline company’s stock worth $5,912,000 after buying an additional 77,352 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Stock Performance

Shares of ET opened at $15.42 on Friday. The company has a 50-day simple moving average of $15.06 and a 200-day simple moving average of $14.19. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $51.96 billion, a PE ratio of 14.15 and a beta of 1.64. Energy Transfer LP has a 52-week low of $12.18 and a 52-week high of $16.04.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. Equities research analysts predict that Energy Transfer LP will post 1.44 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend was Tuesday, February 6th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s dividend payout ratio (DPR) is currently 115.60%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ET. Citigroup upped their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. UBS Group cut their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.57.

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.